<図書>
Capital mobility, exchange rates and economic crises
責任表示 | George Fane |
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データ種別 | 図書 |
出版情報 | Cheltenham, U.K. : E. Elgar , c2000 |
本文言語 | 英語 |
大きさ | xii, 225 p. : ill. ; 24 cm |
概要 | Recent financial crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. However, Fane (economics, Research School of Pacific and Asian Studies, ...ustralian National U.) uses evidence from the crises in Asia and Latin America to show that such controls are an excessively blunt instrument for achieving financial stability. He argues that recent proposals for reforming the international financial architecture are also unlikely to reduce the frequency of currency and financial crises. He proposes an alternative plan that would: require banks to raise the risk-weights for loans to emerging markets; fully open the financial sectors in emerging markets to foreign competition; strengthen bankruptcy procedures in emerging markets; and have central banks adopt flexible exchange rates, backed by credible targets for inflation or monetary growth. Annotation copyrighted by Book News Inc., Portland, OR Recent financial crises in emerging markets have raised doubts about the desirability of relaxing controls on capital mobility. However, Fane (economics, Research School of Pacific and Asian Studies, Australian National U.) uses evidence from the crises in Asia and Latin America to show that such controls are an excessively blunt instrument for achieving financial stability. He argues that recent proposals for reforming the international financial architecture are also unlikely to reduce the frequency of currency and financial crises. He proposes an alternative plan that would: require banks to raise the risk-weights for loans to emerging markets; fully open the financial sectors in emerging markets to foreign competition; strengthen bankruptcy procedures in emerging markets; and have central banks adopt flexible exchange rates, backed by credible targets for inflation or monetary growth. Annotation copyrighted by Book News Inc., Portland, OR続きを見る |
所蔵情報
状態 | 巻次 | 所蔵場所 | 請求記号 | 刷年 | 文庫名称 | 資料番号 | コメント | 予約・取寄 | 複写申込 | 自動書庫 |
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: pbk | 中央図 自動書庫 | 338.92/F 14 | 2000 |
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054212003003297 |
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書誌詳細
一般注記 | Bibliography: p. 199-209 Includes index |
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著者標目 | *Fane, George, 1944- |
件 名 | LCSH:Capital movements LCSH:Foreign exchange LCSH:Financial crises LCSH:Currency question |
分 類 | NDC9:338.92 LCC:HG3891 DC21:332/.042 |
書誌ID | 1000664204 |
ISBN | 1858987849 |
NCID | BA49411761 |
巻冊次 | : cased ; ISBN:1858987849 : pbk ; ISBN:1843764733 |
登録日 | 2009.09.15 |
更新日 | 2009.09.15 |